This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...

This paper examines market developments in venture capital and buyout investment in Europe and the United States, through the analysis of funds raised, investments and exits. It discusses the profitability differential of European venture capital investment in comparison with the United States...

For the past fifty years in the United States, venture capital (VC) has provided initial funding to innovative entrepreneurial enterprises, while the European venture capital industry has only really emerged over the past decade. Using quarterly data from 1993 to 2003, this paper examines and...

Measurement of productivity in the service sector has always represented a challenge for economists. "Productivity in the U.S. Services Sector: New Sources of Economic Growth", by Jack Triplett and Barry Bosworth from the Brookings Institution is reviewed. The authors have produced a textbook on...

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

This paper examines the relationships between economic growth , energy consumption, trade openness and carbon dioxide emissions for the period 1970-2009 in case of Portugal. In doing so, we use a time series (OLS estimator, the regression with Newey -West standard errors, and ARMA model). We...

Price movement in the electricity market can be viewed as a nonlinear and dynamic system, exhibiting significant chaotic and multiscale characteristics. To conduct more accurate analysis and forecasting, this paper proposes a new Curvelet denoising based algorithm to analyze these...